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    306 Park St Westfield, IN 46074

    Sponsored
    For Sale
    $1,590,000

    Prime Westfield location, large office lot, development opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.64-acre lot, situated in Westfield's thriving Grand Junction Development, presents a remarkable opportunity for commercial development. Located in the heart of this expansive project, the property offers unparalleled visibility and accessibility. Its size makes it ideal for a variety of uses, including restaurants, office spaces, medical facilities, or as a key component of a larger, mixed-use development. The property's strategic placement within Grand Junction provides immediate access to the area's vibrant activity and numerous amenities. Proximity to extensive trail systems encourages an active lifestyle for employees and patrons alike. Furthermore, the convenient location near Grand Park ensures easy access to one of the region's premier recreational destinations, attracting a large and diverse population. This prime parcel offers significant potential for investors and developers seeking a high-impact location within a rapidly growing community. The substantial lot size provides ample space for a substantial building, allowing for flexibility in design and functionality to meet diverse business needs. Don't miss this chance to secure a prominent position in Westfield's most sought-after commercial area. The asking price is $1,590,000.

    Property Features for 306 Park St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    27,878 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Neal Construction Inc General Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.13107
    Latitude
    40.04096

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Westfield location, large office lot, development opportunity.
    Where is this office property / space located?
    The property is located at 306 Park St Westfield, IN.
    What is the asking price?
    The asking price for this property is $1,590,000.
    (317) 841-6380
    Request Owner's contact information
    306 Park St Westfield, IN 46074
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    Westfield, IN 46074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Park St Westfield, IN 46074
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